Which of the Following Is Not a Role of Accounting

question 244

Multiple Choice

Which of the following is not a role of accounting in business?

• A) to provide reports to users about the economic activities and conditions of a business
• B) to personally guarantee loans of the business
• C) to provide information to external users to determine the economic performance and condition of the business
• D) to assess the various informational needs of users and design its accounting system to meet those needs

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Definitions:

Two-Tailed Test

A hypothesis test where the alternative hypothesis specifies that the parameter can differ from the hypothesized value in either direction (i.e., larger or smaller).

Directional Hypothesis

A hypothesis that specifies the direction of the expected difference or relationship between variables.

T Statistic Value

A value derived from a T-test used to determine if there is a significant difference between the means of two groups.

Degrees Of Freedom

The number of independent values or quantities that can vary in the analysis without breaking any constraints.